By Michael D. Dell'Isola
Written by way of a cost-control professional with greater than thirty years of layout and development services, this quantity within the expert perform necessities sequence provides functional, elementary counsel on the best way to greater supervisor expenses via all stages of a venture. Dell'Isola first explains the fundamentals of rate management-from estimating bills in the course of the layout section to dealing with expenditures in the course of building or even after occupancy. He then covers all the instruments and methods to be had to architects/designers and explains how top to exploit them. a couple of necessary case stories truly convey how the author's ideas paintings in real-life occasions.
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Extra resources for Architect's Essentials of Cost Management (The Architect's Essentials of Professional Practice)
This chart can assist the cost manager in understanding what to examine and what may be the driving factors of cost. Chapter 5 elaborates on these issues. Legal and Administrative Factors Legal and administrative factors also affect cost. The delivery method chosen may impact the cost of the project in a number of ways. Whether the choice of delivery method is design-bid-build, design-build, or construction management at risk, and if the owner 40 Building Economics is utilizing a project manager as an agent, the initial budgeting and the cost management process will be affected.
Experience dictates taking these steps to improve the accuracy and validity of estimates: (1) clearly document the estimate; (2) promote a clear understanding among all parties of anticipated level of detail and format; (3) assure buy-in by all parties involved in the estimate; (4) properly evaluate market factors, contingencies, and major risks; and (5) allow adequate time both in terms of the calendar and level of effort required to prepare an accurate estimate. Chapters 3 and 5 describe a methodology and techniques for including estimating into the overall cost management process.
However, experience has clearly shown that paying attention in advance to site issues, conducting the proper surveys, and investing in appropriate geotechnical work can reduce the risks inherent to these factors. It is, unfortunately, all too common for owners to scrimp on front-end services to save a few dollars of up-front costs, which serves only to create downstream cost and scheduling problems. Proper site investigation efforts will invariably pay for themselves several times over. As an alternative, the cost manager might choose to allocate additional contingency for site-related issues, but the owner may not be willing to go along with this approach.